Transactions reported this week included an apartment in New York and an office portfolio in Virginia.
Simon Baron Development paid $313.2 million for a 96.45 percent stake in the ALTA LIC residential complex in Queens. The seller was Quadrum Global. The 467-unit Long Island City residential complex, located at 29–22 Northern Boulevard, spans up 43 stories.
Brandywine Realty Trust sold an office portfolio to Rockpoint Group for $312 million. The portfolio consists of eight properties, totaling 1.3 million square feet, located in Northern Virginia.
| Buyer |
Seller |
Property name |
Location |
Size |
Price per size |
Price (m) |
| APARTMENTS |
|
|
|
|
|
|
| Simon Baron Development |
Quadrum Global |
ALTA LIC residential complex |
Queens, NY |
467 units |
$670,663.81 |
$313.20 |
| Magnolia Capital Partners |
Northwestern Mutual |
Flats at Perimeter Place |
Atlanta, GA |
323 units |
$235,603.72 |
$76.10 |
| HOTELS |
|
|
|
|
|
|
| Queensgate Investments |
Capstone Development/Quadrangle Development Corp. |
Courtyard by Marriott Washington D.C. |
Washington, DC |
148 rooms |
$365,540.54 |
$54.10 |
| INDUSTRIAL |
|
|
|
|
|
|
| CenterPoint Properties Trust |
Fortress Investment Group |
1141 Southwest 12th Ave |
Pompano Beach, FL |
778,816 sf |
$121.98 |
$95.00 |
| OFFICE |
|
|
|
|
|
|
| Rockpoint Group |
Brandywine Realty Trust |
Eight-property portfolio |
Northern VA |
1,300,000 sf |
$240.00 |
$312.00 |
| KKR & Co |
UBS AG |
1221 Broadway |
Oakland, CA |
521,100 sf |
$490.00 |
$255.34 |
| Daishin Securities |
ASB Real Estate Investments |
400 Madison Ave. |
New York, NY |
180,000 sf |
$1,080.56 |
$194.50 |
| Oaktree Capital Management/Banyan Street Capital |
Alliance Partners HSP |
201 North Franklin St. |
Tampa, FL |
757,425 sf |
$145.23 |
$110.00 |
| Invesco Real Estate |
Goldman Sachs/Steelwave |
The Hive |
Costa Mesa, CA |
181,822 sf |
$461.99 |
$84.00 |
| Not disclosed |
Brixmor Property Group |
Clovis Commons |
Clovis, CA |
181,000 sf |
$248.62 |
$45.00 |
| Not disclosed |
Retail Value |
Palm Valley Pavilions West |
Goodyear, AZ |
233,000 sf |
$192.27 |
$44.80 |
